June 22, 2017 / 10:22 AM / 3 months ago

Allied Irish Banks IPO orders below 4.40 euros risk missing out - bookrunner

A gardener mows the grass outside the headquarters of AIB in Dublin April 12, 2011. REUTERS/Cathal McNaughton

LONDON (Reuters) - Orders below 4.40 euros (3.88 pounds) in an initial public offering for Allied Irish Banks risk missing out, the listing’s bookrunner said on Thursday.

On Wednesday the bookrunner further revised the price guidance for its stock market listing to between 4.30 euros to 4.50 euros with order books covered throughout the range.

The price range was narrowed to 4.20 euros to 4.60 euros on Tuesday when order books were covered in the upper half, indicating that the Irish government was set to net at least 3 billion euros from the sale of a 25 percent stake.

Reporting by Padraic Halpin, writing by Dasha Afanasieva; editing by Susan Thomas

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